Sterling rallied again as participants downsized what has become an extreme net short
exposure to the currency.
26 to their smallest net short
since mid-December, data showed.
The governor declared a state of emergency in California and directed DWR to take over the responsibility to procure the net short
power needs for the state's IOUs.
In a disclosure that could jolt the country's financial markets, the International Monetary Fund (IMF) said that State Bank of Pakistan's (SBP) net short
derivative position has doubled to $5.4b, bringing Net International Reserves (NIR) down to an estimated negative $0.7b vs $7.5b last year.
Hedge funds cut their net long position in New York Mercantile Exchange (NYMEX) gasoline by 24 million barrels in the week to May 2 and are now running a small net short
position of 3 million barrels for the first time since August 2016.
Speculators trimmed their net short
bets against the pound in the week to Oct 11.
economy, especially as much of the skepticism is already priced in the currency, which was reflected in CFTC's data showing sterling net short
contracts surging to a record high of 82,515 in the week ended August 2.
In gasoline futures and options, hedge fund managers have actually established a net short
position of 5 million barrels.
Three minutes later Martin tipped in Hudson's slapshot (51-46) and he completed his hat-trick with that empty net short
handed goal (59-22).
The weakening Brazilian real, coupled with concerns about the impact of slowing global economic growth on commodity prices in general, saw funds maintaining a net short
position for much of the third quarter.
" We have a lot of pockets of weakness currently in the gold market and that is what is feeding the bearish sentiment we see," Julius Baer, analyst, Carsten Menke said." The money managers are net short
and that is relatively rare.
Importantly, the manager must demonstrate a flexible investment style that is nimble and opportunistic, with an ability to be materially net long when economic and credit market conditions warrant and materially net short
when they do not.